XTZ, the native cryptocurrency of Tezos Blockchain, outperforming the rest of the market on Thursday, surged to a four-week high of $2.23.
According to data provided by CoinMarketCap, a minor correction has pushed the price of the asset down to $2.15 at press time, which still represents a more than 7.12% increase in value over the past 24 hours.
XTZ is also up about 12% over the past seven days.
Latest price action follows earlier today’s news stablecoin Tether announced that USDT – the largest stablecoin in the industry – is launching on the Tezos blockchain.
similar to EthereumTezos is one smart contract Platform enabling developers to build Decentralized Applications (DApps) with some of the most popular use cases including decentralized finance (DeFi) And this NFT region.
The main difference is that instead of being energy hungry proof-of-work mechanism, it depends on “eco-friendly” proof-of-stake consensus algorithm.
ocean of peace
The rest of the market is currently trading mostly sideways.
Bitcoin (BTC), the industry’s largest cryptocurrency by market capitalization, is down just 0.4% over the past day, changing hands at $30,119.
Other major cryptocurrencies, including Ethereum Binance Coin (BNB), cardano (ADA), and dogecoin (DOGE) is following the trend, with one notable exception being the top ten largest assets. solana (SOL), which is up 4.16% in the last 24 hours.
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